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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jul. 01, 2023
Jul. 02, 2022
Cash flows from operating activities:    
Net income $ 106,567 $ 80,610
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 16,578 14,272
Stock-based compensation expense 35,744 27,249
Amortization of right-of-use assets 3,317 3,358
Other non-cash adjustments 110 87
Changes in assets and liabilities:    
Accounts receivable, net (2,569) (13,521)
Inventories, net (1,115) (9,884)
Prepaid expenses and other assets (3,657) (1,781)
Accounts payable (772) 4,739
Accrued liabilities (15,960) (1,405)
Accrued payroll obligations (19,045) (7,169)
Operating lease liabilities, current and long-term portions (3,740) (3,637)
Net cash provided by (used in) operating activities 115,458 92,918
Cash flows from investing activities:    
Capital expenditures (11,943) (8,917)
Cash paid for software and intellectual property licenses (5,799) (5,368)
Net cash provided by (used in) investing activities (17,742) (14,285)
Cash flows from financing activities:    
Restricted stock unit tax withholdings (39,189) (35,763)
Proceeds from issuance of common stock 4,750 3,581
Repurchase of common stock (20,006) (50,161)
Repayment of long-term debt (85,000) (8,750)
Net cash provided by (used in) financing activities (139,445) (91,093)
Effect of exchange rate change on cash (220) (1,228)
Net increase (decrease) in cash and cash equivalents (41,949) (13,688)
Beginning cash and cash equivalents 145,722 131,570
Ending cash and cash equivalents 103,773 117,882
Supplemental disclosure of cash flow information and non-cash investing and financing activities:    
Interest paid 2,962 1,337
Income taxes paid, net of refunds 6,837 2,355
Operating lease payments 4,082 3,706
Accrued purchases of plant and equipment 571 3,019
Operating lease right-of-use assets obtained in exchange for lease obligations $ 393 $ 476